Comments on: #8 Story Bay Creek Lots, Lighthouse Go for Pennies on the Dollar

By: Paul Galloway

Paul Galloway — Sat, 08 Nov 2014 20:54:40 +0000

Mr.Schaum,
I relied on the diligence of 3 law firms to record a General Warranty Deed in my favor as a result of the Settlement Agreement with the Bay Creek entities. The Deed was recorded without any of the law firms advising me of the delinquent real estate taxes and all 3 firms failed to secure an easement to the Lighthouse Parcel as required by the Settlement Agreement. Bayside Village is an “on-street parking” neighborhood and the lighthouse parcel is a parcel in Bayside Village. The Lighthouse parcel is zoned “PUD Village” and allows for single family, multi-family, hotels, restaurants, clubs, etc. The Town of Cape Charles never issued an Occupancy Permit for the lighthouse, but allowed it to be occupied from 2004 through 2013. All of the above issues were uncovered by my subsequent closing attorney after the Auction and Sales Contract were executed. Thank you for your questions.

By: Jerome Schaum

Jerome Schaum — Sat, 08 Nov 2014 18:51:32 +0000

Mr. Galloway,
Did you fully disclose to Mr. Waller the existing easement matter? Did you make him aware of the parking situation? Did you inform him of the potential problems with obtaining an occupancy permit from the appropriate authorities? Have you fully disclosed all the above-listed issues with buyer(s) subsequent to Mr. Waller?
Sincerely, Jerome Schaum

By: Paul Galloway

Paul Galloway — Sat, 08 Nov 2014 17:04:51 +0000

The real story is that Bay Creek, LLC, denied Mr. Waller access to the Lighthouse Parcel via an existing easement, and that Bay Creek, LLC, wanted $ 182,000 in cash in order to grant that privilege. In addition, Bay Creek, LLC, was 3 years delinquent on the real estate taxes and Mr. Waller determined that the unpaid taxes and the lack of suitable access were a breach of the Sales Contract. I returned the deposit money to Mr. Waller and thanked him for his patience and understanding.

By: Warner Athey

Warner Athey — Tue, 04 Nov 2014 15:21:56 +0000

Now from what I hear, John Waller never came up with the money to pay for the lighthouse.

From what we hear, the sale fell through when the buyer (Mr. Waller) was told that he would have to pay Bay Creek for the privilege of driving on their roads to access the lighthouse. That was not stated at the auction. –EDITOR

By: Drs. Bill & Pat Wallisch

Drs. Bill & Pat Wallisch — Wed, 04 Jun 2014 03:56:27 +0000

Just back from Cape Charles. Tried to go see what the big party was last Saturday, but turned away. We thought it was a pig roast or something, but now it turned out to be Good ‘ Ole Boys at work, drinking whiskey and rye: The day the music stopped for a truly bright, open future for Cape Charles. I bid $100 for the old Black (Historic) School. We’d like to make it something special for the people of Virginia. All the best from Colorado, where we still have back room deals, too.

By: Carl Slayton

Carl Slayton — Tue, 03 Jun 2014 03:05:31 +0000

Cape Charles used to be my most treasured vacation spot in the world! Ten years ago the Chesapeake bay was the most popular and prominent Fisherman Paradise on the East Coast! I am also an avid Golfer who loves the game. When Bay Creek began construction I was happier than a kid in a candy store! I saw Vacation Heaven opening up right before my eyes! Then VMRC stepped in and ruined it all.They started Creel and Size limits on everything except Oyster Toads. Commercial fishing, on the other hand, gets a free rein and they don’t seem to have anywhere else to Dredge and drag nets except the bay now! I live in Western NC and we have the most beautiful mtn. Golf courses in the world! Why would I want to leave here and drive 7 hrs. just to fish catch and release.

By: Anouck LeFur

Anouck LeFur — Mon, 02 Jun 2014 20:00:30 +0000

Bobby Roberts: One can always hope that the BOS is paying attention!

By: David Boyd

David Boyd — Mon, 02 Jun 2014 16:50:11 +0000

Bobby, you hit the nail on the head.

By: Dana Lascu

Dana Lascu — Mon, 02 Jun 2014 15:51:17 +0000

There is a positive side to this: diversified risk for Bay Creek and, implicitly, for Cape Charles, with multiple owners paying monthly dues, and less likelihood of a massive default. I fondly recall riding my bike in the early 2000s on Wafer Board Boulevard in Marina Villages and would be pleased to see the energy and enthusiasm return, along with the old Renovators’ Ball.

By: Warner Athey

Warner Athey — Mon, 02 Jun 2014 15:24:14 +0000

Bobby, you are a wise man.